Homeowners and real estate investors betting on ROXBURGH PARK, 3064 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 18.18%.
A steady increase in median property prices over a five-year period in the suburb translates to a 36.84% capital gain.
Property investors in ROXBURGH PARK enjoyed capital gains of 18.18% over the last 12 months translating to lower returns compared with its peers in the territory.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $520,000.
Profits due to an upward trend in home prices there averaged 12.28% per annum over a 3-year period.
Home owners selling their properties and realtors in ROXBURGH PARK usually have to wait an average of 59.1 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $380 mark, reflecting a 3.8% increase in returns based on the current median price in ROXBURGH PARK.
ROXBURGH PARK, 3064 places 157th in Australia based on median property value growth during the quarter.
Property investors in ROXBURGH PARK enjoyed capital gains of 28.98% over the last 12 months translating to lower returns compared with its peers in the territory.
ROXBURGH PARK posted a 16.24% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
Real estate investors could earn a rental income of $347.5 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $347.5 mark, reflecting a 4.95% increase in returns based on the current median price in ROXBURGH PARK.
ROXBURGH PARK, 3064 ranks 14th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
ROXBURGH PARK ranks 62nd on the list of best yielding suburbs for rental properties in VIC, posting a 4.95% return.
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